Month: April 2011

Dubai Appoints Banks to Raise $800 Million From Selling Road Toll Receipts

Dubai hired four banks including Citigroup Inc. (C) to raise $800 million in financing backed by road toll receipts to help fund transport projects in the emirate. The Department of Finance also appointed Dubai Islamic Bank PJSC (DIB), Emirates NBD PJSC (EMIRATES) and Commercial Bank of Dubai PSC (CBD) to arrange the dual-currency, six-year financing, […]

Dubai World Trade Centre draws over 1.4 million visitors in 2010

During 2010, DWTC delivered one of the world’s most successful platforms for international businesses to interact with regional markets, bringing together approximately 1,415,000 visitors from over 155 countries with 32,781 exhibiting companies from over 85 countries, enabling the Events Industry to remain a key contributor to Dubai’s economy. Helal Saeed Almarri, CEO of Dubai World […]

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